Gold held above the lowest level in more than four years on speculation
the price decline spurred physical purchases even as investment demand
waned. SEE MORE West Texas Intermediate fell for a second day as forecasts for a sixth
weekly gain in U.S. crude stockpiles bolstered speculation that rising
supply is outpacing demand. Brent slid in London. SEE MORE VietNamNet Bridge – While the Ministry of Industry and Trade (MOIT) is
considering possible measures to cope with sharp falls in oil prices on
the world market, the government does not plan to adjust the state
budget collection plan. SEE MORE Domestic petrol prices were cut yesterday for the ninth time this year, in the wake of falling global fuel prices. SEE MORE Crude oil prices are likely at the bottom of their recent slide,
Continental Resources CEO Harold Hamm said Thursday on an earnings call,
adding that prices will probably return to the mid-$80s to low $90s/b
in the near term. SEE MORE